# Woori Bank (Woori WON Banking + Woori WON Wallet)

> Source: https://docs.barcoder.ai/docs/wallets/woori-bank
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Woori Bank — official](https://www.wooribank.com/)

## Overview

**Woori Bank** is **one of Korea's Big-4 commercial banks** <sup>[1][1], [2][2], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>. **2025 baseline**: **Woori WON Wallet won Grand Prize in Finance category at Smart App Awards 2025** + **Samsung Wallet Money & Points partnership (October 2025 launch) reached 500K+ subscribers in 3 weeks** + **Woori WON Global app supports 17 languages**.

**Distinctive Woori Bank positioning** <sup>[1][1], [3][3], [4][4]</sup>:
- **One of Korea's Big-4 commercial banks** (alongside KB Kookmin + Shinhan + Hana)
- **Woori WON Banking** = primary Korean retail-banking mobile app
- **Woori WON Wallet**: 2025 Smart App Awards Grand Prize in Finance category (Dec 2025) — distinctive Korean banking-app recognition; aggregates essential daily convenience + public (government) information in digital wallet form
- **Samsung Wallet Money & Points partnership (Oct 2025 launch)**: 500K+ subscribers in 3 weeks; distinctive Samsung-Woori partnership targeting underage users + foreign residents in Korea
- **Woori WON Global**: 17-language foreign customer banking app — transfers + bank account opening + Topik lectures + insurance registration; broadens role beyond conventional banking
- **June 2025 Woori WON Wallet complete renewal**: ~20 lifestyle-focused services (mobile ID verification + digital badges career certification + smart boarding passes + others)

## History

**1899 — Daehan Cheon-il Bank founded** by Joseon Korean monarchy — distinctive Korean royal banking heritage (one of Korea's deepest banking predecessors).

**1956 — Hanil Bank + Commercial Bank of Korea formed** from Daehan Cheon-il and other consolidations.

**1999 — Hanil Bank + Commercial Bank of Korea merger** to form Hanvit Bank (later Woori Bank) — distinctive Korean banking consolidation post-1997 Asian Financial Crisis.

**2002 — Hanvit Bank renamed Woori Bank**.

**2010 — Woori Bank mobile banking app launches**.

**June 2025 — Woori WON Wallet complete renewal**: ~20 lifestyle-focused services <sup>[3][3]</sup>.

**October 2025 — Woori + Samsung partnership launches Samsung Wallet Money & Points** <sup>[3][3]</sup> — distinctive Samsung-Woori partnership for underage users + foreign residents in Korea.

**November 10, 2025 — Samsung Wallet Money & Points 500K+ subscribers** in just 3 weeks since late October 2025 debut <sup>[3][3]</sup>.

**December 2025 — Woori WON Wallet won Grand Prize in Finance category at Smart App Awards 2025** <sup>[4][4]</sup> — distinctive Korean banking-app recognition.

## Ownership & operator

**Operating entity**: **Woori Bank** (Woori Financial Group subsidiary; KRX: 316140 for Woori Financial Group).

**Major shareholders (Woori Financial Group)**: **Korea Deposit Insurance Corporation (KDIC; Korean state-controlled; formerly major; gradually divesting) + National Pension Service (Korean state pension fund) + various Korean institutional + KRX public float**.

**Regulators**: **FSC (Financial Services Commission of Korea) + FSS (Financial Supervisory Service) + per-country**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Woori WON Banking app (iOS + Android; primary KR retail-banking mobile channel) + Woori WON Wallet (digital wallet aggregating daily convenience + public/government information; 2025 Smart App Awards Grand Prize) + Woori WON Global app (iOS + Android; foreign customer banking; 17-language support) + Samsung Wallet Money & Points (Samsung-Woori partnership; Oct 2025 launch; 500K+ subscribers in 3 weeks) + Woori Online Banking + Woori Bank cards (Woori Card) + Woori Bank branch network |
| **Identifiers** | Phone + email + card number + Korean resident registration number |
| **KR rail** | **[Zero Pay](https://docs.barcoder.ai/docs/standards/zero-pay)** (Korea Financial Telecommunications & Clearings Institute KFTC instant payments + ZeroPay national QR) |
| **License** | Bank (Woori Bank full Korean banking license; one of Korea's Big-4 commercial banks) |
| **Sub-products** | Woori Account + Woori Card (Woori Bank credit card subsidiary) + Woori Credit + Woori Mortgages + Woori Investments + Woori Insurance + Woori for Business + Woori Wealth + Woori WON Banking (consumer mobile banking) + Woori WON Wallet (digital wallet with ~20 lifestyle services since Jun 2025 renewal) + Woori WON Global (17-language foreign customer banking) + Samsung Wallet Money & Points (Samsung-Woori partnership) + Woori Securities + Woori Asset Management + Woori Capital + Woori Life Insurance + multi-country subsidiaries |
| **Distinctive Woori WON Wallet ~20 lifestyle services**: Mobile ID verification + digital badges (career certification) + smart boarding passes + others |
| **Distinctive Woori WON Global 17-language support**: Transfers + bank account opening + Topik lectures + insurance registration |

## Users & growth

**2025 baseline** <sup>[1][1], [3][3], [4][4]</sup>:
- **One of Korea's Big-4 commercial banks**
- **Woori WON Wallet**: 2025 Smart App Awards Grand Prize in Finance category
- **Samsung Wallet Money & Points (Oct 2025 launch)**: 500K+ subscribers in 3 weeks (by Nov 10, 2025)
- **Woori WON Global**: 17-language foreign customer banking app
- **June 2025 Woori WON Wallet renewal**: ~20 lifestyle-focused services
- **Multi-country presence**: 20+ countries

## Use cases

Korean + multi-country retail + corporate + investment + wealth-management + securities + asset management + insurance banking via Woori WON Banking + Woori WON Wallet (digital wallet with ~20 lifestyle services) + Woori WON Global (17-language foreign customer banking) + Samsung Wallet Money & Points (Samsung-Woori partnership for underage users + foreign residents in Korea) + Woori Online + cards (Woori Card) + branches; ZeroPay national QR + KFTC instant payments; Woori China + Woori Vietnam + Woori Indonesia + Woori Cambodia + multi-country subsidiaries.

## Implementations & partners

**Operator**: **Woori Bank** (Woori Financial Group subsidiary; KRX: 316140 for Woori Financial Group).

**Major shareholders (Woori Financial Group)**: **Korea Deposit Insurance Corporation (KDIC; Korean state-controlled; formerly major; gradually divesting) + National Pension Service (Korean state pension fund) + Korean institutional + KRX public float**.

**Major Korean banking + payment competitors**:
- **[KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank)** (KB Kookmin Bank; Korea's largest traditional bank with 30M+ retail customers; KB Star Banking + Wallet service Jun 2025)
- **[Shinhan Bank (SOL Bank + SOL Global)](https://docs.barcoder.ai/docs/wallets/shinhan-sol)** (Shinhan Bank; one of Korea's largest commercial banks; SOL Bank + SOL Global 16-language foreign customer app)
- **[Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank)** (KEB Hana Bank; Korea's #3 largest commercial bank; Hana Won-Q + Hana EZ 16-language; Naver Pay-linked account 500K+ users)
- **[KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank)** (KakaoBank; Korea's largest internet-only bank; 26.7M customers; 20M MAU)
- **[K Bank Korea](https://docs.barcoder.ai/docs/wallets/k-bank-korea)** (K bank Korea; 1st Korean internet-only bank; 15.5M users)
- **[Toss Bank](https://docs.barcoder.ai/docs/wallets/toss-bank)** (Batch 33 covered; Toss Bank; 3rd Korean internet-only bank; 12M+ users)
- **[Naver Financial / Naver Pay](https://docs.barcoder.ai/docs/wallets/naver-financial)** (Batch 32 covered; Naver Financial / Naver Pay)
- **[Kakao Pay QR](https://docs.barcoder.ai/docs/standards/kakao-pay-qr)** (Kakao Pay; Kakao Corp's payment arm)

**Tech + payment partner**: **Samsung Electronics** (Samsung Wallet Money & Points partnership launched October 2025; 500K+ subscribers in 3 weeks).

**Woori Financial Group sister entities**: **Woori Bank + Woori Card + Woori Securities + Woori Asset Management + Woori Capital + Woori Life Insurance**.

**Regulators**: **FSC + FSS + per-country (across 20+ countries)**.

## Fun facts

- **One of Korea's Big-4 commercial banks** (alongside KB Kookmin + Shinhan + Hana).
- **Woori WON Wallet won Grand Prize in Finance category at Smart App Awards 2025** — distinctive Korean banking-app recognition.
- **Samsung Wallet Money & Points partnership** (Oct 2025 launch): 500K+ subscribers in 3 weeks targeting underage users + foreign residents in Korea.
- **Woori WON Global**: 17-language foreign customer banking app — transfers + bank account opening + Topik lectures + insurance registration.
- **1899 founding as Daehan Cheon-il Bank** by Joseon Korean monarchy — distinctive Korean royal banking heritage.
- **1999 Hanil Bank + Commercial Bank of Korea merger** to form Hanvit Bank (post-1997 Asian Financial Crisis Korean banking consolidation).
- **2002 Hanvit Bank renamed Woori Bank**.
- **June 2025 Woori WON Wallet renewal**: ~20 lifestyle-focused services (mobile ID verification + digital badges career certification + smart boarding passes).
- **Korea Deposit Insurance Corporation (KDIC) Korean state-controlled** formerly major; gradually divesting.
- **Multi-country presence**: 20+ countries.

## Comparison

| Feature | Woori Bank (Woori WON) | [KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (Korea's largest traditional bank rival; KB Star Banking; 30M+ retail customers) | [Shinhan Bank (SOL Bank + SOL Global)](https://docs.barcoder.ai/docs/wallets/shinhan-sol) (Korea Big-4 rival; SOL Bank + SOL Global 16-language) | [Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank) (Korea's #3 largest commercial bank rival; Hana Won-Q + Hana EZ 16-language) | [Samsung Pay (Samsung Wallet)](https://docs.barcoder.ai/docs/wallets/samsung-pay) (Samsung Electronics partner for Samsung Wallet Money & Points) |
|---|---|---|---|---|---|
| Operator | **Woori Bank (Woori Financial Group; KRX: 316140 for Woori Financial Group; Korea Deposit Insurance Corporation KDIC + National Pension Service + Korean institutional + KRX public float)** | KB Kookmin Bank (KB Financial Group; KRX: 105560) | Shinhan Bank (Shinhan Financial Group; KRX: 055550) | KEB Hana Bank (Hana Financial Group; KRX: 086790) | Samsung Electronics (Samsung Pay; KRX: 005930) |
| Type | **Korea Big-4 commercial bank + Woori WON Banking + Woori WON Wallet 2025 Smart App Awards Grand Prize + Samsung Wallet Money & Points partnership (500K+ subscribers in 3 weeks) + Woori WON Global 17-language foreign customer banking** | Korea's largest bank by retail customers + KB Star Banking + 6 KB Financial Group affiliates integrated + Jun 2025 Wallet service | Korea Big-4 + SOL Bank + SOL Global 16-language foreign customer + Dec 1 2025 SOL Global revamp | Korea's #3 largest by deposits + assets + loans + Hana Won-Q + Hana EZ 16-language + 2024 Naver Pay-linked account 500K+ users | Samsung Pay multi-country mobile payment service |
| Country | KR + 19+ other countries | KR + 11 other countries | KR + 15+ other countries | KR + 16+ other countries | Multi-global |
| Users | **Samsung Wallet Money & Points 500K+ subscribers in 3 weeks; Woori WON Wallet 2025 Smart App Awards Grand Prize** | 30M+ retail customers | SOL Bank Korean retail major; SOL Global 16-language foreign customer | Korea's #3 by deposits + assets + loans; Naver Pay 500K+ users in 6 months | Major multi-global Samsung Pay |
| Distinctive | **1899 founding as Daehan Cheon-il Bank by Joseon Korean monarchy (Korean royal banking heritage); 1999 Hanil + Commercial Bank of Korea merger to Hanvit Bank (post-1997 Asian Financial Crisis); 2002 Hanvit Bank renamed Woori Bank; Woori WON Wallet 2025 Smart App Awards Grand Prize; Samsung Wallet Money & Points Oct 2025 launch (500K+ subscribers in 3 weeks; targeting underage users + foreign residents in Korea); Woori WON Global 17-language foreign customer banking (transfers + bank account opening + Topik lectures + insurance registration); Jun 2025 Woori WON Wallet renewal ~20 lifestyle services (mobile ID + digital badges + smart boarding passes); KDIC Korean state-controlled formerly major shareholder gradually divesting** | 1963 founding as Kookmin Bank by Korean government; KB Star Banking Wallet service Jun 2025 distinctive payment + identification integration | 1897 Han Sung Eun Haeng predecessor; 1982 Shinhan founding by Korean expatriates from Japan; Dec 1 2025 SOL Global revamp | 1971 Korea Investment Finance predecessor; 2002 Hana + Seoul Bank merger; Feb 2012 KEB acquisition; Sep 2015 KEB + Hana Bank merger | Samsung Pay multi-country |

## Status

**Active, one of Korea's Big-4 commercial banks** <sup>[1][1], [2][2]</sup>:
- **Woori Bank** (Woori Financial Group subsidiary; KRX: 316140 for Woori Financial Group) since 1899 (Daehan Cheon-il Bank founding by Joseon Korean monarchy); 1999 Hanil Bank + Commercial Bank of Korea merger to form Hanvit Bank; 2002 Hanvit Bank renamed Woori Bank.
- **Woori WON Banking** primary Korean retail-banking mobile app.
- **Woori WON Wallet 2025 Smart App Awards Grand Prize in Finance category** (Dec 2025).
- **Samsung Wallet Money & Points partnership** (Oct 2025 launch): 500K+ subscribers in 3 weeks.
- **Woori WON Global**: 17-language foreign customer banking app.
- **June 2025 Woori WON Wallet renewal**: ~20 lifestyle-focused services.
- **Multi-country presence**: 20+ countries.
- **FSC + FSS + per-country regulated**.

## Sources

[1]: https://www.koreaherald.com/article/10625097 "[Finance Awards] Woori Bank brings inclusive finance to digital wallets — Korea Herald"
[2]: https://www.wooribank.com/ "Woori Bank — official"
[3]: https://www.koreaherald.com/article/3253972 "Woori Bank's new app to offer multilingual assistance — Korea Herald"
[4]: https://www.asiae.co.kr/en/article/finance/2025121910253253007 "Woori Bank's Woori WON Wallet Wins Grand Prize in Finance at Smart App Awards 2025 — The Asia Business Daily Dec 19 2025"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [Finance Awards Woori Bank brings inclusive finance to digital wallets — Korea Herald][1]
- [2] [Woori Bank — official][2]
- [3] [Woori Bank's new app to offer multilingual assistance — Korea Herald][3]
- [4] [Woori Bank's Woori WON Wallet Wins Grand Prize in Finance at Smart App Awards 2025 — The Asia Business Daily Dec 19 2025][4]
- <sup>[Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup> In-corpus: `reports/countries/KR-south-korea.md`

## Source

Biography extracted from [woori-bank.md](https://docs.barcoder.ai/source/wallets/woori-bank). See `matrix.md` for standards-support matrix if present.